Monthly Archives: January 2025

Groups Sue to Stop CFPB From Banning Medical Debt on Credit Reports

The Biden administration’s recent rule to exclude medical debt from credit reports has sparked significant debate, with industry groups filing lawsuits to challenge the regulation. The Consumer Financial Protection Bureau (CFPB) finalized this rule to remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans, aiming to enhance […]

Federal Student Loans_Credit Reporting and Collection Changes

As of January 2025, the status of federal student loan forbearance is influenced by recent legal and administrative developments. The Biden administration’s Saving on a Valuable Education (SAVE) repayment plan, designed to provide relief to borrowers, has encountered legal challenges. These challenges have led to uncertainties regarding the continuation of forbearance periods and the resumption […]